Tutor Perini (NYSE:TPC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Tutor Perini Corporation (NYSE:TPC)’s stock price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $81.31 and traded as high as $83.81. Tutor Perini shares last traded at $82.4010, with a volume of 348,988 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on TPC. Zacks Research lowered Tutor Perini from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings cut Tutor Perini from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Wall Street Zen raised shares of Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, UBS Group raised their price target on shares of Tutor Perini from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.00.

Tutor Perini Trading Up 1.4%

The business’s 50-day moving average price is $84.67 and its 200 day moving average price is $81.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 35.52 and a beta of 2.06.

Tutor Perini (NYSE:TPC) last announced its earnings results on Wednesday, August 5th. The construction company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $1.07. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. On average, equities analysts forecast that Tutor Perini Corporation will post 5.39 earnings per share for the current fiscal year.

Tutor Perini Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from Tutor Perini’s previous quarterly dividend of $0.06. Tutor Perini’s dividend payout ratio is currently 15.52%.

Insider Activity

In other news, Director Sidney Feltenstein sold 184,209 shares of Tutor Perini stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $97.05, for a total transaction of $17,877,483.45. Following the sale, the director directly owned 6,700 shares of the company’s stock, valued at approximately $650,235. The trade was a 96.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dale Reiss sold 13,400 shares of Tutor Perini stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $92.04, for a total value of $1,233,336.00. Following the sale, the director directly owned 31,203 shares in the company, valued at approximately $2,871,924.12. The trade was a 30.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,507,609 shares of company stock worth $216,823,719 over the last ninety days. Corporate insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On Tutor Perini

A number of institutional investors have recently made changes to their positions in TPC. Salomon & Ludwin LLC purchased a new position in shares of Tutor Perini during the 3rd quarter valued at approximately $32,000. ProShare Advisors LLC increased its stake in shares of Tutor Perini by 4.6% in the third quarter. ProShare Advisors LLC now owns 6,283 shares of the construction company’s stock worth $518,000 after buying an additional 277 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Tutor Perini in the third quarter worth $136,000. Asset Management One Co. Ltd. increased its stake in shares of Tutor Perini by 7.7% in the third quarter. Asset Management One Co. Ltd. now owns 50,278 shares of the construction company’s stock worth $4,149,000 after buying an additional 3,593 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Tutor Perini by 12.8% in the third quarter. Park Avenue Securities LLC now owns 17,354 shares of the construction company’s stock valued at $1,432,000 after acquiring an additional 1,975 shares in the last quarter. 65.01% of the stock is owned by institutional investors and hedge funds.

About Tutor Perini

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.